2 months on rocket

2509 Garfield Ave, Minneapolis, MN, 55405

$1,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,702 SqFt
$234/SqFt
Condo

Location

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2509 Garfield Ave, Minneapolis$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered, Detached, Finished Garage, Garage Door Opener, On-Street Parking Only, Shared Garage/Stall, Units Vary
Garage2 spaces
Year Built1908
HeatingBaseboard, Steam
BasementYes
MLS #6613625
StatusActive

About 2509 Garfield Ave

Great condition. Great location. Don’t miss this one! This property stands above the rest. Situated on a quiet residential street, this 4-plex is great for an owner occupants or investors. Each unit is spacious, and has unique features including balconies. In-unit laundry or hook ups available. Also, several newer laundry machines in basement. There is a 2-car garage on the site for convenience. The building includes a New Roof, New Windows, New Siding, high efficiency boilers, renovated kitchens and baths, and more. Current rents total $6,300/month; Unit A (main floor 3BR) $2,200; Unit 1 (2nd floor 1BR) $1,200; Unit 2 (2nd floor studio) $1,100, Unit 3 (3rd floor 2BR) $1,800.

Property Details

Property Features

Property Information:

  • Year Built: 1908
  • Living Area: 4,702 SqFt

Listing Office:

  • Office Name: Edina Realty, Inc.

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Covered, Detached, Finished Garage, Garage Door Opener, On-Street Parking Only, Shared Garage/Stall, Units Vary

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Baseboard, Steam

Other

Directions Information:

  • Directions: I94 south on Lyndale Ave S, east on 25th St S, south on Garfield Ave S to building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $234/SqFt

Tax Information:

  • Annual Amount: $8,818
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

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Minneapolis, MN

City

Med. Sold Price

$349.9K

Med. Price/SqFt

$202

Avg. Days On Market

33

# of Sold Homes

889

2509 Garfield Ave vs Minneapolis

60 DAYS ON ROCKET

+27 Days

$1,100,000

+$750K More

$234/SqFt

+$32 More

KEY TAKEAWAY

This property is $750K more than the Median Sold Price and $32/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6613625

Listing Office:

  • Office Name: Edina Realty, Inc.

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Last updated on: 12/22/2024, 7:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,818$601,000
2019$9,250$572,522
2018$9,034$543,262
2017$7,999$476,382

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1057220
2
/10

  • Whittier International Baccalaureate World School

  • 315 W 26th St

  • 0.18 miles

  • Public Magnet Grades PK-5

school-card-donut-1057221
2
/10

  • Hennepin Elementary School

  • 2123 Clinton Ave

  • 0.80 miles

  • Public Charter Grades KG-5

school-card-donut-1057222
2
/10

  • Emerson Elementary School

  • 120 W 15th St

  • 0.84 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,861. Residents of Minneapolis, MN typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2509 Garfield Ave

What is the listing price of this property?

The listing price of 2509 Garfield Ave property is $1,100,000.

What type of property is this?

The property 2509 Garfield Ave is a condo located in Minneapolis, Minnesota, 55405.

Is this property for sale now?

Active Listing: 2509 Garfield Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,818 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 2509 Garfield Ave is 4,702 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2509 Garfield Ave is 1908.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55405›2509 Garfield Ave

This home is located at 2509 Garfield Ave in Minneapolis, MN and zip code 55405 in the Powderhorn neighborhood. This 4,702 square foot home was built in 1908. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $1,100,000.

In November 2024 more than 283 listings in Minneapolis, MN were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 403 were sold below. The number of listings in Minneapolis, MN decreased by 6.1% between October 2024 and November 2024. While the average time on the market in November 2024 was 33 days, the median list price was $349,986.

From Rocket Homes Real Estate and based on county public records data.

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